Janney Montgomery Scott LLC Buys 2,632 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Janney Montgomery Scott LLC lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,014 shares of the business services provider's stock after purchasing an additional 2,632 shares during the period. Janney Montgomery Scott LLC's holdings in Euronet Worldwide were worth $1,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC raised its holdings in Euronet Worldwide by 47.5% in the 4th quarter. SG Americas Securities LLC now owns 3,225 shares of the business services provider's stock worth $332,000 after acquiring an additional 1,038 shares during the period. Sheets Smith Wealth Management increased its holdings in shares of Euronet Worldwide by 6.7% during the 4th quarter. Sheets Smith Wealth Management now owns 9,678 shares of the business services provider's stock worth $995,000 after purchasing an additional 606 shares during the period. Ellsworth Advisors LLC increased its holdings in shares of Euronet Worldwide by 18.6% during the 4th quarter. Ellsworth Advisors LLC now owns 7,083 shares of the business services provider's stock worth $728,000 after purchasing an additional 1,111 shares during the period. Value Holdings Management CO. LLC increased its holdings in shares of Euronet Worldwide by 119.8% during the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider's stock worth $5,947,000 after purchasing an additional 31,518 shares during the period. Finally, Central Valley Advisors LLC bought a new position in shares of Euronet Worldwide during the 4th quarter worth about $1,573,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now owns 90,288 shares of the company's stock, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EEFT shares. StockNews.com upgraded shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Monday, January 20th. Oppenheimer dropped their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup downgraded shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $127.14.

Euronet Worldwide Trading Down 0.3 %

NASDAQ:EEFT traded down $0.25 during trading hours on Friday, hitting $96.98. The stock had a trading volume of 270,764 shares, compared to its average volume of 235,070. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.77 and a beta of 1.43. The business's 50 day moving average is $101.36 and its 200-day moving average is $100.90.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.